What Magix has said is right on the money. I would imagine those are the guidelines Funds and money mangers would use. The thing you have to realize trading for a bank is sometimes I have no control over my position because I am there to facilitate ...

Is anyone here an institutional trader?

As far capital, I don't believe my bank or any bank for that matter had issues with capital (2008 crisis aside). I was never told to cut positions because the bank was running low on money. So I was never given a fix amount of capital because ...

Is anyone here an institutional trader?

My risk and drawdown wasn't determined in pct points, it was an absolute USD amount. They gave limits based on the volatility and liquidity of the books (products and currency pairs) you managed. I don't that really answers your question. If I ...

Is anyone here an institutional trader?

I'm not sure if you are addressing this question to me or even if I understand what you are asking

Real Reasons why Retail Traders lose money

To No-Luck For me "feel" is very important. The only way I was able to get that feel or"intuition" or "hunches" was to sit in front of my screens and just watch the markets constantly whether I had positions or not. Something I do to this day. Even ...

Is anyone here an institutional trader?

[quote=SupraSense;7492352] Such a good post, it's worth posting twice oops sorry about that everyone

Is anyone here an institutional trader?

I thing the first you should realize is institutional traders don't really know any more than the "retail" trader ( I put retail trader in quotations because what makes you (and myself now) retail is we get horrible spreads and position rolls for ...

Is anyone here an institutional trader?

I thing the first you should realize is institutional traders don't really know any more than the "retail" trader ( I put retail trader in quotations because what makes you (and myself now) retail is we get horrible spreads and position rolls for ...

Is anyone here an institutional trader?

I think the biggest threat to the retail trader (or any trader that trades there own capital) is whether their trading is the only or primary source of income to live off. That is a huge financial and mental burden to assume. If you trade to pay ...

Real Reasons why Retail Traders lose money

Haha you sound like my old Head of Trading, that was his argument.

Is anyone here an institutional trader?

Skenobi answered the question perfectly. Thx As far as training, Skenobi described the trading floor perfectly. I received no training whatsoever, I was told to take over certain FX Forward Currency pairs that didn't make any money and was told to ...

Is anyone here an institutional trader?

I traded for a bank, our budgets were determined by the product you traded and the currency pairs within that product. But usually the board of directors determines a pct increase in share value and it gets distributed throughout all the banks ...

Is anyone here an institutional trader?

If you're looking for bigger pip moves I like to trade UsdMxn, UsdZar, UsdPln, UsdHuf, but those pips are not worth as much as say EurGbp so you would need to trade a bigger position to get the same USD p/l (not all pips are create equal)

Is anyone here an institutional trader?

When you say he do you mean my friend or the customer? Actually the answer is the same, the customer just wanted to get it done. My friend didn't just sell blindly but he thinks someone on the sales desk try to kiss up to a hedge fund and May have ...

Is anyone here an institutional trader?

If I remember correctly it was a NY Friday afternoon, which greatly helped the decline It's nice to have that kind of customer that just needs to get it done regardless of price. It reminds when I first started out and my boss telling me how the ...

Is anyone here an institutional trader?

Flow (or orders) coupled with an uninformed customer is what banks (not just mine but ALL banks) rely on. I was a dealer in FX Forwards and NDF's in emerging Asian currencies so it was easier to take advantage of the customers ignorance. This was a ...

Is anyone here an institutional trader?

Skenobi make some very good points. You only get paid the big money when you exceed your annual budget, I know some dealers who got nothing when they made just their budget. Those budgets were in the area of 5 million USD. So unless you did better ...

Is anyone here an institutional trader?

True, flows are only good if the institution that you work for lets you "capitalize" on that order flow. But since 2008 the public scrutiny of banks has made that kind of trading taboo and proprietary trading has become a dirty word. Banks now just ...

Is anyone here an institutional trader?

I was a market maker in Emerging Market NDF's for 12 years at a British Bank. I now trade my own incubator hedge fund. Retail trading is an extremely difficult endeavor or better put trading your own discretionary account is challenging. Trading in ...

Is anyone here an institutional trader?

Hi Forexfury, No offense taken at all. We can have a difference of opinion and still make money. I appreciate the comment and the give and take, it makes the trading world go 'round. best of luck to you

How can I get 99% of profit trades? this is my idea...